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On Friday, the Shanghai aluminum main 1912 contract opened at 13985 yuan / ton in the morning, and the short position at the beginning of the session was reduced by nearly 2,000 lots, and the Shanghai aluminum climbed all the way along the 5-day moving average to a high of 14050 yuan / ton intraday high, and then briefly hovered at the high, fell slightly in the afternoon, and closed at 14030 yuan / ton, up 50 yuan / ton, or 0.
36%, closing at the small white line, the center of gravity jumped above the 40-day moving average, and the 60-day moving average was under pressure above
.
In terms of external trading, Lun aluminum opened at 1812 US dollars / ton in the morning, the Asian trading session fluctuated back, the Asian market tested a low of 1806.
5 US dollars / ton intraday low, and then from the low along the 5-day moving average began to rebound at a low level, all the way up, as of 17:05 Lun aluminum closed at 1818.
5 US dollars / ton, refreshing the highest price since September 12, the trading volume minus 12430 hands to 1695 hands, closed at the small white line, the center of gravity rose from the previous day, and was above all moving averages, So far, London aluminum has been in the upper band of the Bollinger band for nearly two consecutive weeks, and it is expected to continue to maintain strong volatility, test the size of the upper space, and continue to pay attention to macro data
such as the US dollar index and the University of Michigan consumer confidence index in November.
In terms of the market, aluminum futures maintained range fluctuations
until noon of the month.
Holders in Shanghai, Wuxi and Hangzhou reported 14170-14190 yuan / ton, up 80 yuan / ton from the previous day, with a discount of 70 yuan / ton on the plate, and the price of deliverable brand aluminum ingots around 14220-14230 yuan / ton, and the basic maintenance of 20 yuan / ton - flat water on
the plate.
The intraday price increase is large, the enthusiasm of the holders to ship is significantly higher than at the beginning of the week, the middleman tends to receive goods at a large discount, the transaction is acceptable at the lower price, and the trading performance of the two sides is deadlocked
at a slightly higher price.
Downstream manufacturers purchase on demand, receive fewer goods, the transaction is light, and the mood is wait-and-see
.
In the late afternoon, aluminum fell slightly, and the shipment price of the holder was around 14130-14160 yuan / ton, and the discount on the plate was about 70-80 yuan / ton, only a small number of transactions between traders, and almost nothing
downstream.
Under the background of the improvement of the macro atmosphere, the bears further closed or moved back, the 1911 and 1912 contract positions continued to decrease, and it is expected that aluminum prices will continue to maintain a short-term strong volatility, and continue to pay attention to the changes in
long and short positions.
